Mint – Online

Investment in technology startups in the agriculture and food sector jumped over twofold to $4.6 billion during the last fiscal on the back of higher inflow in restaurant marketplace and e-grocery, according to a report by AgFunder and Omnivore. “Total investment in agrifoodtech startups for India’s fiscal year (FY) 2022 stood at $4.6 billion, up 119% from FY2021. Deal volume also increased to 234 in FY2022 as compared to 189 deals in FY2021,” according to the report titled ‘India AgriFoodTech Investment Report 2022’. AgFunder is foodtech and agtech venture capital firm, while Omnivore is a venture capital firm, based in India, which funds entrepreneurs building the future of agriculture and food systems.

The Indian Express – Online

The National Statistical Office (NSO) has estimated agricultural growth for July-September 2022 at 4.6 per cent year-on-year against the economy’s other two production sectors, manufacturing and mining & quarrying, which contracted 4.3 per cent and 2.8 per cent, respectively, during the same quarter compared with July-September 2021. What is interesting about the 4.6 per cent farm sector growth — the highest in 10 quarters since the 8 per cent growth in January-March 2020 — is that it comes despite the Union Agriculture Ministry pegging production of most kharif crops lower compared with the previous year. Sowing and raising of kharif crops takes place mainly during July-September; the production of these is used by the ...

PIB – Online

Union Agriculture and Farmers Welfare Minister Shri Narendra Singh Tomar has said that today educated youth are getting attracted towards Agriculture sector and the government is continuously encouraging them through various schemes and programmes to join the Agriculture sector. Shri Tomar said this as the chief guest at the 2nd Sustainable Agriculture Summit & Awards organized by FICCI in New Delhi today. Emphasizing on adopting a holistic approach in the Indian agriculture sector, Shri Tomar said that there is a need to have a balanced-holistic approach in the agriculture sector, which will lead to more rapid development of agriculture. Shri Tomar said that in the agriculture sector, instead of focusing on only a few crops, we should ...